tag:blogger.com,1999:blog-912107698547747613.post1969096003054091375..comments2023-10-23T22:07:07.535+01:00Comments on London Banker: For Want of a Nail, the Ship Was LostLondon Bankerhttp://www.blogger.com/profile/13358082683340132378noreply@blogger.comBlogger17125tag:blogger.com,1999:blog-912107698547747613.post-62248634052900220022015-08-28T22:26:12.505+01:002015-08-28T22:26:12.505+01:00Very informative about the LIBOR scandal, I wasn&#...Very informative about the LIBOR scandal, I wasn't even fully aware of this until now!Coldwell Banker Gossleehttp://cbgosslee.comnoreply@blogger.comtag:blogger.com,1999:blog-912107698547747613.post-62967898259777468312012-08-18T02:52:48.195+01:002012-08-18T02:52:48.195+01:00This comment has been removed by the author.PeterJBhttps://www.blogger.com/profile/09934906890179823815noreply@blogger.comtag:blogger.com,1999:blog-912107698547747613.post-80720010565142472302012-08-18T02:52:10.501+01:002012-08-18T02:52:10.501+01:00Foreign Office (FCO)@foreignoffice
.@WilliamJHague...Foreign Office (FCO)@foreignoffice<br />.@WilliamJHague: The UK does not accept the principle of diplomatic asylum.<br />off/quote<br /><br />With the above words, -taken from Twitter - the United Kingdom has plunged into the depths of the abyss aka Hell.<br /><br />Reminds me of a bunch of British bigshots carrying BigDada around on their shoulders in Uganda. <br /><br />Now, I have strong evidence and am also convinced, that the British Government did indeed, execute your own Dr David Kelly.<br /><br />@LB turn out the lights; it's done.PeterJBhttps://www.blogger.com/profile/09934906890179823815noreply@blogger.comtag:blogger.com,1999:blog-912107698547747613.post-24610483921193500562012-08-09T11:17:53.935+01:002012-08-09T11:17:53.935+01:00Loans in UK are very oft confiscate to cater for f...Loans in UK are very oft confiscate to cater for financial setback. A few halcyon rules <br /><br />spell loan appropriation present give your search for a fortunate word.<br />For More Visit Our Best Loans Web Sites And Apply There<br />http://paydaycashloanstoday.co.uk/<br />http://easypaydaycashloans.org/<br />http://poundloanslondon.co.uk/<br />http://carloansnow.co.uk/<br />http://vehicleloansnow.co.uk/<br />http://www.personalloansinstant.org/Payday Cashhttps://www.blogger.com/profile/03147704160477016845noreply@blogger.comtag:blogger.com,1999:blog-912107698547747613.post-16448172707373771652012-08-08T19:29:46.673+01:002012-08-08T19:29:46.673+01:00Thanks for knowledge share, I will be waiting for ...Thanks for knowledge share, I will be waiting for future posts<br /><br />Regards<br /> <a href="http://summerjobsireland.com/index.php/category/marcus-white-lisdoonvarna/" rel="nofollow">Marcus White Lisdoonvarna</a>Anonymoushttps://www.blogger.com/profile/05179183459426868838noreply@blogger.comtag:blogger.com,1999:blog-912107698547747613.post-55531764671162952772012-07-29T13:25:33.492+01:002012-07-29T13:25:33.492+01:00Talking about Pyrates,
it's about time to retu...Talking about Pyrates,<br />it's about time to return to a Capitalist system rather than the Fascist Socialist financial system that has brought the World to ruin (again)<br /><br />So we establish a Black Market, which is a real Capitalist system,<br />and let the great pretenders, and posturing London Bankers (thieves, crooks, charlatans, organ grinders - with monkeys - con artists, and their servants (politicians and bureaucrats), rot in Hell.<br /><br />H'mmm, getting close.<br /><br />What say You @LB?<br /><br />Ho humPeterJBhttps://www.blogger.com/profile/09934906890179823815noreply@blogger.comtag:blogger.com,1999:blog-912107698547747613.post-73818867917199176762012-07-27T15:59:04.012+01:002012-07-27T15:59:04.012+01:00Some things just cannot be denied:
Libor Manipula...Some things just cannot be denied:<br /><br />Libor Manipulation Well Known in London by 1991<br /><br />A comment in today’s Financial Times is by a former Morgan Stanley trader, Douglas Keenan, confirms a passing comment in the Economist, that Libor manipulation goes back for more than 15 years. In fact, this piece makes it clear that is the time frame exceeds 20 years.<br /><br />http://www.nakedcapitalism.com/2012/07/libor-manipulation-well-known-in-london-by-1991.htmlPeterJBhttps://www.blogger.com/profile/09934906890179823815noreply@blogger.comtag:blogger.com,1999:blog-912107698547747613.post-26393954990073254852012-07-27T14:37:03.057+01:002012-07-27T14:37:03.057+01:00Poor analogy @LB
Royal Navy more often than not su...Poor analogy @LB<br />Royal Navy more often than not supplied ships full of holes, gaps poor rigging and rotten vittles.<br />Old ships were not constructed utilizing nails not even the lousy hulks supplied to Yorkshiremen.<br />This story is about a corrupted Admiralty and their close ties into the supplies Industry where Royal Commissions were 'oft granted to Pyrates to loot on the High Seas on behalf of the Crown. When inconvenient, off came the heads to cover any International embarrassment at Court.<br />Not about nails at all - it's about elite looting, incompetence and betrayal to humanity.<br /><br />Ho humPeterJBhttps://www.blogger.com/profile/09934906890179823815noreply@blogger.comtag:blogger.com,1999:blog-912107698547747613.post-54682702536639824352012-07-25T20:42:19.442+01:002012-07-25T20:42:19.442+01:00Speaking of shoes, my pappy used to tell me that a...Speaking of shoes, my pappy used to tell me that a man's problems started in his feet. One day, he saw a man with one foot, and said "there's a man, half his problems are over." Maybe we could just get rid of half the banks.maynardGkeynesnoreply@blogger.comtag:blogger.com,1999:blog-912107698547747613.post-86291465855717418092012-07-25T12:02:11.299+01:002012-07-25T12:02:11.299+01:00A half pedantic, half serious point. Your quote i...A half pedantic, half serious point. Your quote is wrong - the proverb is "for want of a nail, the shoe was lost...." (shouldn't a ship be built with screws anyway?). The half serious point is that you have provided your own example of how easy it is to neglect to check what you think you know.RebelEconomisthttps://www.blogger.com/profile/13241098878248190971noreply@blogger.comtag:blogger.com,1999:blog-912107698547747613.post-82744696304304460522012-07-23T12:27:51.415+01:002012-07-23T12:27:51.415+01:00Pirate ships should be sunk, their captains should...Pirate ships should be sunk, their captains should be hung and their crews imprisoned. Claw back their treasures and shut that god dam Parrot up.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-912107698547747613.post-75728154010839188622012-07-23T09:49:52.348+01:002012-07-23T09:49:52.348+01:00What happens to ships is much less important if yo...What happens to ships is much less important if you can travel by plane and transport goods via well maintained railroad networks. <br />If the Navy is unable to keep itself afloat, Army and Air Force can take over most of its duties.<br />Finance, saving and investing was done before the banks were invented, and can still be done after the industry has destroyed itself.Detlef Gürtlerhttps://www.blogger.com/profile/06829816099529734709noreply@blogger.comtag:blogger.com,1999:blog-912107698547747613.post-27527929322766113122012-07-22T01:59:16.941+01:002012-07-22T01:59:16.941+01:00The whaling ships were purely for profit, with eve...The whaling ships were purely for profit, with every man paid a percentage of the catch. But every man knew there would be no percentage if the ship did not return to port.<br /><br />Our current financial system pays the crew as the ship leaves harbor, and they can return with an empty hold or sink the ship altogether and not lose a farthing of their up-front pay. The only "risk" the bank crew has is not coming up with paper they can market to generate their front-end loot.<br /><br />So we have two problems with the crew: 1) compensation is completely out of proportion to both actual risk and value of services, and 2) compensation timing is exactly backward, since it happens before real risk clears and real value is delivered.Knute Rifehttps://www.blogger.com/profile/02345893660115107054noreply@blogger.comtag:blogger.com,1999:blog-912107698547747613.post-11181088832504495022012-07-21T20:00:50.892+01:002012-07-21T20:00:50.892+01:00LB,
In a modern banking system with deposit guara...LB,<br /><br />In a modern banking system with deposit guarantees and access to central bank funding, banks are designed to operate with negative book capital levels.<br /><br />Implicitly, the taxpayers 'put up' the capital when the banks have negative book capital levels. (no need for explicit bailouts).<br /><br />The question that must be answered is 'which of the banks has a franchise that is capable of generating earnings so that it can rebuild its book capital levels after recognizing all the losses on and off its balance sheet'.<br /><br />Those that can, should be allowed to stay in business. They should be required to provide ultra transparency and disclose on an ongoing basis their current global asset, liability and off balance sheet exposure details.<br /><br />With this information, market participants can assess the risk of the banks and enforce discipline so that they do not take excessive risks (gamble on redemption) while rebuilding their book capital.<br /><br />Banks that do not have a franchise that would allow them to rebuild their book capital through retention of 100% of pre-banker bonus earnings should be "closed".Anonymoushttps://www.blogger.com/profile/11316888485290662469noreply@blogger.comtag:blogger.com,1999:blog-912107698547747613.post-64742041165037371672012-07-21T19:46:10.895+01:002012-07-21T19:46:10.895+01:00I suppose the lifeboats were the first to loose th...I suppose the lifeboats were the first to loose their nails? Red in the morning, sailors' warning...Kimonoreply@blogger.comtag:blogger.com,1999:blog-912107698547747613.post-50697349051075072632012-07-21T06:55:13.272+01:002012-07-21T06:55:13.272+01:00You're wrong.
The ship NEEDS to go down so as ...You're wrong.<br />The ship NEEDS to go down so as to enforce accountability.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-912107698547747613.post-4632975644226337992012-07-21T05:07:21.151+01:002012-07-21T05:07:21.151+01:00Hanging a few, to encourage the others, is the tra...Hanging a few, to encourage the others, is the traditional remedy for recalcitrant seamen.Stevenoreply@blogger.com